Beyond Meat is Careening Toward BankruptcyChris Menahan
Aug. 11, 2022
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Beyond Meat, the Bill Gates-backed maker of various beyond disgusting fake meat products, appears to be careening towards bankruptcy as its stock has plummeted over 70% in the past year.
From Market Watch, "Beyond Meat’s cash burn is putting the stock at risk of falling to $0, warns New Constructs":
Beyond Meat is the latest addition to the list of “zombie stocks” compiled by independent equity research firm New Constructs.
“Beyond Meat must dramatically cut costs and lower its cash burn, or it will go bankrupt,” wrote New Constructs CEO David Trainer, in a note released on Tuesday. “Companies with heavy cash burn and little cash on hand are risky in any market, but especially now.”Reviewbrah, America's foremost expert on fast food, declared Beyond Meat's chicken nuggets at KFC "inedible" back in January.
The stock has never recovered.
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